In brief
- 21Shares filed with the SEC for the first SEI ETF tracking the Sei blockchain token with potential staking rewards for additional yield.
- The application joins a set of altcoin ETF filings as fund managers target smaller digital assets beyond Bitcoin and Ethereum.
- Canary Capital filed a similar SEI ETF application in May.
Asset management firm 21Shares has filed with the Securities and Exchange Commission to launch an exchange-traded fund tracking the Sei blockchain’s native token.
The proposed 21Shares SEI ETF would offer investors exposure to SEI while providing the potential for additional yield through staking rewards, according to a registration statement filed Thursday.
Following successful launches of spot Bitcoin and Ethereum ETFs in 2024, fund managers are targeting smaller digital assets, including Solana, Dogecoin, XRP, and other altcoins under a crypto-friendly Trump administration.
The Trust’s primary objective is “to seek to track the performance of SEI,” with a secondary fo
Go to Source to See Full Article
Author: Vismaya V
